Reuters has reported that a group of Chinese internet firms, including Tencent Holdings and Sohu.Com Inc, has joined the MPAA in seeking 300 million yuan in damages from China’s Baidu Inc and QVOD for copyright violation.
According to Reuters, the case, if successful, could hurt Baidu’s business in the online video market, which was worth 3.25 billion yuan in advertising in the third quarter and is estimated to create 16.2 billion yuan in sales in 2014.
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